The Rumors Are True: Western Union Experiments With Ripple’s ‘xRapid’

[kreslik.news]

Ripple’s relationship with Western Union has been rumoured about for months, but it wasn’t until last week that Western Union officially confirmed that it has been testing transactions using Ripple’s platform.

Western Union CEO Hikmet Ersek told Bloomberg that the Ripple experiments are part of a larger exploration of blockchain technologies: “We are looking especially in the processing settlement and working capital optimization, also in the regulation part, on the compliance part on the blockchain capabilities. And we do test, we do have some tests with Ripple.”

Ripple released a statement on February 14 saying that “We’ve been testing different ... (read more)